The contract has been awarded under a firm program of three wells estimated to take 150 days to complete with options for an additional well.
If all options are exercised, the drilling program could be extended for another 155 days.
The contract provides for an operating dayrate for all firm and option wells of $408,000 plus applicable corporate income tax.
The firm contractual commitment for the Atwood Hunter is expected to extend through April 2013.
Atwood Oceanics is an international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells.
